British Pound Hits Multi-year Lows

Pound Sterling has dropped more than 7% in the past three months.

This makes it the worst performing currency among all major currencies.

It now sits near multi-year lows against both the Euro and the Dollar.

Plus as the 31 October Brexit deadline approaches, Pound Sterling is expected to remain under pressure.

Markets are only beginning to wake-up to the prospect of a no-deal Brexit.

The odds have now escalated to 30% based on a survey carried out by Bloomberg last week. That’s more than 3 times the level from a similar survey only a few months ago.

What’s more the UK economy is starting to crack, with the economy shrinking in the second quarter – the first time it has done so in six years.

Given the exchange rate volatility we are seeing, it’s important to stay alert to opportunities.

We can monitor the market tailored to your requirements and help you exchange on the back of strength not weakness.

In order to benefit from our pro-active service, please get in touch on 01872 487 500.

Or to find out current exchange rates, please click on the link below.

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Thanks For Reading, What Next?

To discuss Exchange Rates and Your Currency Options, please contact our trader today on 01872 487 500.
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Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates:

Monday 12th August 2019 at 10:00

£1.00 GBP = 1.0797 EURO

£1.00 GBP = 1.2066 USD

£1.00 GBP = 1.7839 AUD

£1.00 GBP = 1.8697 NZD

£1.00 GBP = 1.5970 CAD

£1.00 GBP = 18.5891 ZAR

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As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

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